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Nice one Brad I had a read through some of the old threads on HC last night. Definitely a lot of factors to digest but on the whole as a newbie it does look to be all coming together nicely. I've been trading in and out of to many stocks lately and not doing to well so I'm hoping I can stay for a while on this one. My alius is Yubbedup on HC. I'm stuck in a stock called TBG Diagnostics (TDL) that's been suspended so I'm hoping to put some more funds into this one if it ever gets the suspension lifted. There's an investigation into some insider trading so it could be a while.
I had good look at the Corporate Presentation that was released on October 30 last year and was pleased to see some revenue figures in there. Once this gets de-risked it can't stay this low with those sorts of numbers being thrown about.
It's looking like a pretty flat day for TLOU on the ASX. There doesn't appear to be to many impatient sellers. Although the seller at 6.5c has been moving the order down gradually so that might get offloaded soon.
BTS, please tell her you sold up all your shares and bought a round the world cruise for you both but the insurance won't pay up! When you get your money back it will be a lovely surprise for her :O)
I am ashamed of myself, but when I first got married I used to wait for a film that I knew Liz would want to watch and switch channel 5 minutes before! She'd say what are you doing? I'd say "there is sport starting soon on this channel" and let her watch her film as long as I got my sport next time our programmes clashed. Brownie points for nothing - but sport and films rarely clashed. Then BBC lost the rights to football and Brian Moore's took over on ITV on a Saturday night.
BBC showed films instead of MOTD and they were such good films that we both preferred them to adverts! And then they invented the VHS , Beta and Phillips recorders I guess. And now we have laptops, phones, and multiple TVs around the house!
I don't think Liz knew how much I lost - when I had a bad experience she say it is only a bit of fun isn't it? She knew I'd lost 60k upwards on HMV which I had for their 16% dividends, but I still have 50k in AVN and USOP which are both alive in hospices and then there is SXX which I lost track of completely, my banker! A lot of that money was profit from day trading and dividends before I went long term on AVN, USOP , SXX and TLOU and stopped trading. As I've said before I am so happy she never invested in my certainties. If I had my time over , I could have taken her round the world before we got Poppy. She always wanted to go hiking in the Azores which is my background picture on the laptop. Hopefully I'll be able to tell her it came good with TLOU one day - if there is a life hereafter. And looking to the bright side I have Poppy for company. Having a dependent to care for at least gives some meaning to life. Talking of which ... walkies!
Well Brad and NE nice to see the rise again today.I will leave the share in your hands as ive decided to go into communications blackout again its better for my sanity.I will pop back next RNS lets hope its a good one.
The wife knows ive blew our savings at the minute on this and another one but luckily all holidays are off for now so not getting too much grief at the minute.
Merv , hope you got more sleep than I did last night (once you wake).
I put a few of the podcasts on hotcopper (from cherryseat - my username) and it is so quiet on there that I stopped bothering.
AFC Bournemouth, a Premier league soccer club nowadays, were dead in the water a few years back until a fan , who was a lawyer , sort of rescued the club and made it community owned.
It was dubious if we'd see the first season out and the club needed some quick cash. They came up with a scheme called "Cherryseat". They offered as many years as you wanted in advance on a single season ticket, payable in advance.
I could not justify risking more than 3 years but took the 3 year option. I was also a shareholder in the community club.
That club did not survive - and to keep it going the new chairman killed the community club so I have shares in a non-existent club!
Much later a Russian oligarch bought an £11M mansion from the chairman of the day, a property developer of multimillion quid houses in Sandbanks (a millionaires paradise). Max (the Russian) ended up buying half the shares in the club, as well as the house. He always fancied owning a football club :O).
He moved on to buy the rest of the club. He doesn't interfere , just lets Eddie Howe run the playing side and I cannot get any ticket, far less a season ticket, since they reached the Premier League.
Back to TLOU , my new dream team , the quote is 2.959p currently. Good to see us moving up to meet ASX, before we 'walk up the avenue' together.
thats the beauty of all of this imo. start small, prove the project with minimal capex required and then expand.
some seem to translate that as: all this for only 2mw?
all i wish now is for tlou to not give out a short term deadline for commercial flows.
Yeah my plan is to hold for a while as all you guys have. I looked at all the recent videos, since December anyway. Colm is confident that they should get to the 80-100 pressure and maybe even beyond so that's a huge positive and he doesn't seem worried about the dewatering considering it's a greenfields site. And I read through the old posts on here and saw that TG has been there done that before so he'll be loving life if he get's to go through the startup process again, especially with the amount he's got invested in it. I did notice that the smile seemed to be a bit wider in the latest vid.
Our volumes have been miniscule compared to yours. There must be heaps more interest over in the UK. Even our local hotcopper chat has hardly any traffic for TLOU
PS Good to see you invested , I don't think you'll regret it.
This startup crew knows what it is doing, and how to achive it.
Imagine having to raise funds for 97Mw in the current climate - horrorshow!
And then having to impliment it all - how much dewatering would that amount of gas need????
TG wants this project to be self-financing , we are lucky to be behind him.
I was trying to check on the ASX site if there were trades as yiur surprise post arrived.
Zero trades seems right. 6.2c to 7c is the current spread but the ASX public aren't as gullible as those on AIM - none of them are biting!
The close will go back to 7.6c if there is no trades. Suits me well.
Here's hoping tomorrow the UK price approaches the Aussie price later. I was fearful that the opposite would happen overnight. The sp is only a comforter for the babies who have invested. If this company was worth 11p when the pension fund bought in , it simply has to be worth more now. C-19 is a worry but so is it for the whole world in most sectors. Once investors hear about TLOU I fully expect the price to rally - this is the safest prospect for a new company you can dream of. The only other one is the pharma which develops a vaccine for C-19 and how much testing is that going to undergo? But everyone else will be subject to that delay as well .... $10m to see the birth of a power station is quite incredible?
Hope I make sense - I'm half asleep.
And a 50k buy at 6.8c has just gone through so the exchanges have moved closer.
I bought in to TLOU on the ASX yesterday after doing a bit of research once I saw the Interim Purchase Power Agreement Announcement pop up.
The ASX is open at the moment there just hasn't been any trades yet. Even yesterday I was surprised that most of the buying was in the first hour then it dropped right off.
Obviously I can see there has been a lot of pain for holders in this one but for me I saw yesterdays announcement as a sign that they may have turned the corner, and that if financing is to follow shortly that should hopefully at the very least form a base to work from. At least they said in the half yearly they have enough cash for another 3 quarters, but I suppose that's bugger all really.
The only worry for me is that if the COV19 hangs around all year and they can't get started on the power poles etc that there will be a retrace in the share price even if they do get financing approved.
I thought it was worth a stab at these prices, even if we are at a slight premium to you guys at the moment.
Cheers guys and lets hope we get some action on the ASX this arvo to get you guys kicking along. At present it's looking like a low volume arvo sell down is on the cards.
Time has stood still between then and now, apart from TLOU and Botswana agreeing on an interim PPA.
With the benefit of hindsight from the recent RNS it is a magnificent listen.
NE used £ instead of USD $ , $10m looks like peanuts for introduction of CBM power.
From 6 minutes 20 seconds Colm talks about finance with the BDC.
It sounds better now than in November, dewatering is well described in the first 6 minutes - also worth a listen if you can spare 10 minutes from mowing the lawn.
I'm waiting for ASX to come out of auction - is it a bank holiday in OZ?
(Donks quote abouth Kalahari Energy referred to the 2003 test wells (I think) Kalahari Energy are definitely NOT the BDC which is how it can be read!
"In 2003, Botswana Development Corporation (now Kalahari Energy) commissioned a feasibility study to establish the technical and economic viability of developing a CBM project in Botswana."
should say, Sekaname, but giving him the benefit of the doubt? perhaps?
""In 2003, Botswana Development Corporation commissioned a feasibility study to establish the technical and economic viability of developing a CBM project (now Kalahari Energy) in Botswana."